Investing.com -- Authentic Brands Group has announced the appointment of Matt Maddox, the former CEO of Wynn Resorts (NASDAQ:WYNN), as its new president, Women's Wear Daily reported Monday. Maddox is taking over from Nick Woodhouse, a longtime associate of Authentic founder Jamie Salter.
Woodhouse, who has been a significant figure in the company, will move into the role of executive vice chairman. The company has stated that Woodhouse will continue to play an active role in the business despite his change in position.
Maddox's move to Authentic Brands Group marks a significant career shift, as he transitions from his previous role at Wynn Resorts.
The appointment of Maddox and the transition of Woodhouse to a new role represent significant leadership changes within Authentic Brands Group.
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